14 charts reveal the massive challenges facing UK and NATO defence spending Politics Defence spending is casting a shadow over Downing Street. Military officers are in a state of despair. The choices facing Sir Keir Starmer are stark. The political calculus for the Chancellor, Rachel Reeves, has become more complicated than ever as the Iran war puts public finances in danger. Their difficulties go back to February 2025 [...]
Ukraine is turning West in its economic thinking Opinion Ukraine and Russia once shared a Soviet system but are now moving in opposite directions. One is becoming more aligned with the economic values of Western democracies; the other remains rooted in a tradition of state control, says Rainer Zitelmann A quiet but consequential shift is underway in Eastern Europe. While geopolitical attention has focused [...]
Government ‘must not delay’ over Abramovich’s £2.5bn Chelsea funds, Tories say Sport Business Shadow chancellor Mel Stride has insisted the government “must not delay taking further action” against Roman Abramovich to unlock £2.5bn held after his sale of Chelsea. The Russian was forced to offload the Premier League club in 2022 after Vladimir Putin’s invasion of Ukraine, with the proceeds of the sale to a consortium led by [...]
Global markets warned of ‘biggest energy crisis’ in modern history after oil surge March 9, 2026 Global economies are facing warnings over what could the “biggest energy crisis” in modern history after the price of oil breached the $100 mark for the first time since the energy crisis in 2022. Brent crude, the international benchmark for oil, surged over 25 per cent to highs of $118 per barrel as the week’s [...]
Russia’s economy ‘in stagnation’ as war takes toll February 24, 2026 Russia’s economy has “moved into a period of stagnation” after initial war efforts boosted output in the country, amid growing hopes in the West that further sanctions have been successful in limiting its growth. Four years on from the start of President Vladimir Putin’s full-scale invasion of Ukraine, economists have flagged the threats faced by [...]
Ukraine invasion anniversary prompts fresh Russia Paralympics ban calls February 24, 2026 Calls for the ban on Russian Paralympians to be reinstated have heightened as the invasion of Ukraine marks its fourth anniversary. The Winter Paralympics is set to begin next week, days after today’s conflict anniversary, with the International Paralympic Committee admitting 10 Russian and Belarusian athletes despite Western outcry. Officials representing host country Italy have [...]
Russians at Paralympics opens door for LA28 Olympics return, expert warns February 18, 2026 Allowing Russian athletes to compete in the Paralympics under their national flag opens up the same opportunities at the next Olympic Games, according to geopolitical experts. Six Russian and four Belarusian athletes will be able to compete under their native flags at the upcoming Paralympic Games in Milan after the International Paralympic Committee lifted its [...]
Nuclear deterrent strategy ‘no longer fit for purpose’ February 5, 2026 The UK’s nuclear deterrent strategy is outdated and a lack of expertise has left the country with an “awful lot of ground to make up”, a report backed by the former head of the civil service has warned. Lord Simon Case, who was cabinet secretary until shortly after Labour returned to government, has joined academics [...]
‘They don’t bring anything’: World Cup boycott talk rebuked by Fifa chief Infantino February 2, 2026 Fifa president Gianni Infantino has rubbished talk of nations staging a boycott of the 2026 World Cup over President Trump’s US administration. The debate has gathered momentum in recent weeks, with Infantino’s predecessor Sepp Blatter endorsing calls, following Trump’s attempts to annex Greenland. A close ally of Trump, the Fifa chief argued that sport should [...]
China could ‘veto’ US access to the world, Trump document says January 24, 2026 China could “effectively veto” the US’s access to trading in the Indo-Pacific if the world’s second largest economy continues to build up its military forces, the Trump administration’s national defence strategy paper has said, putting Keir Starmer’s Chagos deal under intense scrutiny. A document published by President Trump’s Department of War has described China as [...]